The Hindu Business Line : UTI Mutual to pay 0.3% on short-term liquid plans

UTI Mutual Fund declared a monthly dividend of 0.30 per cent (Rs 0.030 per unit on a face value of Rs 10 inclusive of dividend distribution tax) under UTI - Liquid Short Term Plan (Regular) and UTI Liquid Short Term Plan (Institutional), according to a company press release.

Investors who have opted for income option are eligible for the dividend. The record date for both the dividends is August 2, the press release says.

"This income distribution translates into annualised return of 3.66 per cent to the investors. Tax will be deducted as applicable to various categories of investors, that is 12.5 per cent plus surcharge and cess for individual investors and HUF and 20 per cent plus surcharge and cess for other categories of investors," it says.

The net asset value of UTI-Liquid Short Term Plan (Regular) as on June 30 was Rs 10.0470 per unit under income option and Rs 10.5136 per unit under growth option.

The NAV of UTI- Liquid Short Term Plan (Institutional) as on June 30 was Rs 10.0785 per unit under income option and Rs 10.5202 per unit under growth option.